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Nov 29, 2012
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that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good idea? it is still a bad idea and i think while i think there is room for a prom promise, i don't think one person gets to decide where the compromise is. he ran on this notion of raising taxes on the wealthiest americans. he is probably going to hold firm on that. we'll see what happens over the next four weeks. as long as we are spending money on robots, don't raise any taxes. thank you very much. >> less us know what you think. follow us on twitter. up next, another twist in the administration's attempt to explain what happened the night four ame
that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good...
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Dec 2, 2012
12/12
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going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are in a difficult position. and they're going to have to figure out their politics of what they do next and they're trying to figure that out right now. we're going to work very hard at this and we're going to keep talking to each other. and, again, i think we have a very good chance for coming together on an agreement that not just protects 98% of americans from a tax increase and protects the economy from deeply damaging upfront spending cuts and protects the med from leaving us vulnerable to, you know, periodic threats of defaults by politicians, i think we can do better than that and do something good for the long
going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are...
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Dec 3, 2012
12/12
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Dec 2, 2012
12/12
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Nov 28, 2012
11/12
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the markets, the economy. pulitzer prize-winning journalist among our guests. journalist among our guests. we will be right back. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. who went. lou: on the morning of march over third 2009 troops stationed in a combat outpost located at the bottom of three steep mountains in afghanistan were attacked by 400 insurgents one. my next guest takes a look what happened and her rogue actions of our soldiers. an untold story of american power. >> is nice to see you in. lou: i want to believe, as a white house correspondt for the last thing peop
the markets, the economy. pulitzer prize-winning journalist among our guests. journalist among our guests. we will be right back. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a...
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Dec 2, 2012
12/12
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FOXNEWSW
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and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a role call, daniel new house and mary anne shiner, says simpson and bowls are no longer part
and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts...
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Nov 28, 2012
11/12
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the economy is going back into a recession. >> nobody said anything about that. all they will say is did the moon get blown up? >> it was go usa. >> better yet, drop bombs that form craters in the giant usa on the moon. >> bill, is it possible that this idea leaked out earlier than we think and george lucas used it as the idea for the ending of "star wars"? >> i wouldn't know this obviously. >> no, george lucas, i don't give him credit for anything. i don't think this is as much commentary on the times in the 50s or the science involved and more on our current media. every single story that teased this, you are like, we tried to blowup the entire moon? no we were sending nukes over there that would do no damage. the worst part, the current state of the media assumes everyone watching thinks the moos is the size of a tennis ball and easily knocked out with a couple of nukes. i don't know who loses here, but a lot of people. >> i couldn't agree more. >>> next topic. on tuesday china's communist party newspaper picked up a story that kim jun was named the sexiest ma
the economy is going back into a recession. >> nobody said anything about that. all they will say is did the moon get blown up? >> it was go usa. >> better yet, drop bombs that form craters in the giant usa on the moon. >> bill, is it possible that this idea leaked out earlier than we think and george lucas used it as the idea for the ending of "star wars"? >> i wouldn't know this obviously. >> no, george lucas, i don't give him credit for anything....
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Dec 3, 2012
12/12
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how does the economy get out of this slump? what is our economy doing well right now? what are we not doing as well as a country to deal with our economy? >> good question. the economy now is actually looking quite resilient. if you look at what's happening in energy, enormous boom. in agriculture, even with the drought, you're seeing incredible levels of income to farmers, which is really welcome. in manufacturing, one of the strongest periods of manufacturing revival that we've seen in almost a generation. not just in autos, and not just in high tech, but comprehensibly across that. we are showing american companies very competitive and resilient, and companies are bringing back production from china and mexico because this is looking like a much stronger country in which to invest and build. those are very encouraging signs for the american economy. and people running america's businesses would say they are in the strongest position they have been in maybe a decade in terms of the ability they have to expand and grow. and if we are able to lift this threat, big tax
how does the economy get out of this slump? what is our economy doing well right now? what are we not doing as well as a country to deal with our economy? >> good question. the economy now is actually looking quite resilient. if you look at what's happening in energy, enormous boom. in agriculture, even with the drought, you're seeing incredible levels of income to farmers, which is really welcome. in manufacturing, one of the strongest periods of manufacturing revival that we've seen in...
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Nov 28, 2012
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i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why peop
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in...
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Nov 29, 2012
11/12
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. sfx- "sounds of african drum and flute" look who's b
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley....
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Dec 4, 2012
12/12
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rebel and say just extend everything and come back later when the economy is at full -- >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? >> i get excited when i hear david say things so far outside the bok. it's not a box. it's a beltway here. there is a long-term crisis and i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he has really put in the time here and i admired his work on this. but even a guy like senator coburn who was on the commission and supported its report can't state the obvious. we need to go back to the clinton era rates for
rebel and say just extend everything and come back later when the economy is at full -- >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? >> i get excited when i hear david say things so far outside the bok. it's not a box. it's a beltway here. there is a long-term crisis and i think david would agree with that. if you actually go back and...
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Nov 30, 2012
11/12
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increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking it in stride. >> our main concern is our family and, of course, and we have a very large family and then next is our charities we'll be giving to. yeah. it's like how much does a person need? >> and is this man who went to a maryland gas station the other big winner? he looked excited but there is no proof it's for real. while in new york, at the united nations a different kind of history is made. >> 138. >> palestinians celebrate after the united nations general assembly votes overwhelmingly for nonmember status des price strong u.s. and israeli opposition, palestinian authority prime minister sa lem
increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking...
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Dec 1, 2012
12/12
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KQED
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. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks that the election was ofrlte then you dialed back in this week and discovered, no, we have apparently just entered a new phase in a political year that never ended. two big stories this week -- the impending fiscal cliff and the washington debates over who will succeed hillary clinton as secretary of state. first to the fiscal cliff. at the end of the year the buescher ra tax cuts will expire and the first wave of $1.2 trillion in spending cuts is scheduled to kick in. c.e.o.'s and economists alike are worried this will send the economy spiraling back into recession. th
. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks...
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Nov 29, 2012
11/12
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. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us off. a big aspect of this again is medicare, 50 million americans get their health insurance through medicare. that number is growing quickly as the baby boom number gets older. polls show americans don't want big change to it, but big change could come. nbc's tom costello has more on what it may look like. >> reporter: it is one of the most popular government programs, but medicare now accounts for more than 13% of federal spending, and expected to grow at what many analysts call an unsustainable rate. so among the many options congress could consider to cut costs, slowly rai
. >> the goal is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us...
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Nov 28, 2012
11/12
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then people have an incentive to buy their houses sooner rather than later and so you can give the economy an extra lift. >> that makes the housing industry very nervous and some american, too. but do you agree with what larry summers said? >> absolutely not. i don't think i've ever agreed with larry summers on anything. he was a disaster as an adviser to obama. that's crazy. the one tax break most middle-income families in this country can get unlike everything that's available to the wealthy and the spk lay or thes and everybody else is their mortgage interest deduction. i'm going to fight to keep that. >> congressman peter defazio, thank you very much. great to have you on the program. >> thank you. >> gentlemen, let me go back to this whole idea of the impact beyond the real numbers, just, you know, analysis of what it might mean financially, because there are several also pekts of going off the fiscal cliff. obviously those economic implications. but if this drags on, clarence, into the new year and beyond, could it have serious implications for the president's second-term agenda, sta
then people have an incentive to buy their houses sooner rather than later and so you can give the economy an extra lift. >> that makes the housing industry very nervous and some american, too. but do you agree with what larry summers said? >> absolutely not. i don't think i've ever agreed with larry summers on anything. he was a disaster as an adviser to obama. that's crazy. the one tax break most middle-income families in this country can get unlike everything that's available to...
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Nov 29, 2012
11/12
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CURRENT
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that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point out i mentioned germany, but it's, you know, france all the way through the nordic countries. the other thing that's key is in a newly emerging democracy like brazil the workers through collective bargaining is four to five times the level of the united states. you have rising wages millions of brazilian workers coming into middle income status, able to buy the things they produce and a growing economy in brazil. here, the micro system of each employer trying to maximize profits at the expense of employees is leading us to a sled ride to the bottom. that's a large reason our economy i
that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife, but i think there is also more of a sense that we're all in this together. as you point...
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Nov 29, 2012
11/12
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CURRENT
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we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform and other ways that revenue can be generated. it looked like congressman defazio was paining a picture of how we can confront that early next year. >> eliot: he's one of our favorites. i don't think he speaks yet unfortunately for the mainstream, i wish he did. >> right. >> eliot: i don't think he does, but i think it's interesting when you hear what eric cantor says and even john boehner. they still will not discuss raising rates. they're willing to go there the charade of loophole closing and this and that, but none of which gets us where we need to be. >> right. it is amazeing to
we're not bringing the pieces together to bring the economy back where it should be. it's hard to watch the slow motion grind not discussing the issues. what about the discussion of the cap that has been etched into stone, and i'm not sure why. >> i think because there has been so much of a focus on letting the bush tax cuts expire for the top two percent and the discussions got narrowed to that. it has left us in the trillion dollar area as opposed to looking at real corporate tax reform...
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Dec 6, 2012
12/12
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WMPT
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>> well, the economy was a very large issue. one of the interesting thing that happened was after the democratic convention which was very successful, i'll credit that. the right track of the country began to go up. and those that thought that the president was doing a good job on the economy went up. part of this is the democrats got energized and they were reminded what they liked about the president. of course president clinton did a good job. and the right track wrong track, he was right track of the country wrong track of the country among the electorates that actually voted was about 20 plus points closer than it was at the beginning of the race. so every campaign has to have a theory, and a rationale. and one of the key rationales of this campaign was worst economic crises since the depression, he inherited it but what has he done for it. when you look at the exit polls on those that cared about the economy the most, governor romney won. there just wasn't enough to win the election. >> rose: did you have the right theory
>> well, the economy was a very large issue. one of the interesting thing that happened was after the democratic convention which was very successful, i'll credit that. the right track of the country began to go up. and those that thought that the president was doing a good job on the economy went up. part of this is the democrats got energized and they were reminded what they liked about the president. of course president clinton did a good job. and the right track wrong track, he was...
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Nov 28, 2012
11/12
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FBC
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the markets, the economy. pulitzer prize-winning journalist among our guests. we will be right back. who went. lou: on the morning of march over third 2009 troops stationed in a combat outpost located at the bottom of three steep mountains in afghanistan were attacked by 400 insurgents one. my next guest takes a look what happened and her rogue actions of our soldiers. an untold story of american power. >> is nice to see you in. lou: i want to believe, as a white house correspondent for the last thing people five policy will be bringing a story from afghanistan. >> i was reporting from the comfort of the north lawn, the physis and the pentagon and a warehouse and it troops surged numbers. in new one and was about more of them while was reporting on. lou: your focus on this particular panel who, he targe of more than 225 individuals when. >> i work done for two and a half years in new will learn. it was a big project. every time i thought i was done, no, he need to talk to this guy. alternately and just said the stock because there will never be a time when
the markets, the economy. pulitzer prize-winning journalist among our guests. we will be right back. who went. lou: on the morning of march over third 2009 troops stationed in a combat outpost located at the bottom of three steep mountains in afghanistan were attacked by 400 insurgents one. my next guest takes a look what happened and her rogue actions of our soldiers. an untold story of american power. >> is nice to see you in. lou: i want to believe, as a white house correspondent for...
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Nov 30, 2012
11/12
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CNBC
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all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's 85 billion, that would be another $1 trillion in the american pump priming money supply after they've already done close to $2 trillion already. so we're at $3 trillion rising toward 3.5 trillion. here's my question. this stuff is not getting into middle america. like, to me, what the fed is doing is they're really helping the big new york wall street banks, helping them buy commodities, stocks, currencies, i don't see this pardon the phrase trickling down to main street community banks, small businesses. it's all sitting on
all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's...
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Nov 28, 2012
11/12
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economy, but, boy, we still need to bang some heads together on this fiscal cliff because until we're going somewhere on on that, these markets are treading water right now. back to you. >> all right, geoff cutmore live in london. thanks. >> what would you do with 500 pll million? >> i would say that's gambling and that when we cover the story, we ought to talk about the draw backs on people being taken advantage of and never get any money. >> t.j., how close did you get to becoming extraordinarily wealthy just this time last week? >> pretty close. one number off. >> are you going to try it again? you were one number off. are you going to try it again? >> it for a half a billion, absolutely. >> see, t.j. has it right. you've got it wrong. >> we never cover the story. >> so $500 million, my friends. $500 million. think about what you could buy with that. >> and then save your money. >> that you could buy. that's how much tonight's power ball drawing will be for. and so far it's the second highest jackpot in history behind april's $656 million mega prize. the odds for winning are curren
economy, but, boy, we still need to bang some heads together on this fiscal cliff because until we're going somewhere on on that, these markets are treading water right now. back to you. >> all right, geoff cutmore live in london. thanks. >> what would you do with 500 pll million? >> i would say that's gambling and that when we cover the story, we ought to talk about the draw backs on people being taken advantage of and never get any money. >> t.j., how close did you get...
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money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans. republicans have been willing to negotiate. if he doesn't come forward and provide real leadership, we go off the cliff, the economic disaster that we're going to see is going to be squarely on the shoulders of this president. >> sean: i would like to adopt something like the mac penny plan. cut one penny out of every dollar washington spends, and we move to a balanced budget. with baseline budgeting, you have increases every year. can you ever get rid of baseline budgeting? >> if any corporation in america operated the way the co
money out of the economy? >> everybody remembers very well the ugly process we went through in august of 2011 in raising the debt ceiling, and what happened immediately around the raising of that debt ceiling. we saw the stock markets crash. let me tell you if we go off this fiscal cliff -- and i put the blame squarely on the president. he's been awol on this issue for the last three years. now he's coming in and waving a flag, trying to take the glory, put the burden on republicans....
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and for those families and it would be bad for the world economy. it is very important to get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need so we can keep this recovery going. obviously, we will be spending some time talking about national security issues. i want to say thank you to this extraordinary cabinet for a job well done and i take this opportunity to publicly embarrass two members whose birthdays are either today or tomorrow, rich, happy birthday to you, rich. that is tale today. and janet napolitano's birthday is tomorrow. guys, thank you. we want to get back to work. thank you, guys. could not be prouder of the job that susan rice has done. >>shepard: very rare for the president to take a question and actually answer it at the end of one of those. you heard him say in the past it would be a precedent to answer a question now because that would make people scream at me all the time with questions. he must have used this question as
and for those families and it would be bad for the world economy. it is very important to get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need so we can keep this recovery going. obviously, we will be spending some time talking about national security issues. i want to say thank you to this extraordinary cabinet for a job well done and i take this opportunity to publicly embarrass two...
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but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure builds. you are hearing a lot of prominent democrats saying, we should go over the fiscal cliff and let the taxes go up, which would be a huge mis
but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to...
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that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using th the #my2k. not y2k, #my2k. >> they showed support for cutting a deal with the president. yesterday the oklahoma republican repeated his belief that congress should start by locking in tax cuts for the middle class. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now, continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> if the president is willing to accept 80% of
that's what our economy needs. that's what the american people deserve. >> the white house is also turning to social media in a new twitter hash tag to spread his message. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean you to. call your members of congress. write them an e-mail, post it on their facebook walls. you can...
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
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i think it's bad for the economy, bad for job creation. ultimately by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. having said that, if we agree that taxes shouldn't go up on 98% of the people? shouldn't we take that now, set that aside, and i think we'll win the argument on the other areas. putting people at risk when we agree taxes shouldn't go up is something that we shouldn't do. >> speaker boehner said they need to stick to their position and freeze tax rates. i guess they believe that if you do what you are suggesting, you lose a lot of leverage at far as entitlement cuts and other spending cuts are concerned. how do you respond to that? >> i respect that but i don't agree with it. you don't use the american people as a hostage in a negotiating-type situation. i think at the end, this is the r rev ladies and gentlemen for the democrats not the republicans in this. my advice was given privately. i was asked what i thought. my position hasn't changed so i'm happy to tal
i think it's bad for the economy, bad for job creation. ultimately by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. having said that, if we agree that taxes shouldn't go up on 98% of the people? shouldn't we take that now, set that aside, and i think we'll win the argument on the other areas. putting people at risk when we agree taxes shouldn't go up is something that we shouldn't do. >> speaker boehner said they need to...
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not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our long term fiscal house in order. there's no surprise. you're a pro at this. there's going to be a lot of political theater between now d when we get there. >> is this a part of that political theater? this is your opening gambet here. it's not -- you know you're not going to get what you went up there -- >> what we're trying to do -- this is the only way i know how to do these things. to solve problems, you have to be clear and direct with people about what you want and what you need and what's important for the country, and that's what we did. in those prop
not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our...
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on those at the top 2% and above so that we can achieve balanced deficit reduction and invest in our economy. if they chose education over tax cuts for those at the top, they chose clean energy. so these are -- that's what this election was about. it makes a difference to actually run on something. >> let's talk about the inauguration, what's going to be obviously second term inaugurations are just smaller. they just are. that's just a fact. what's the attempt to make this second inaugural seem different? what will make it stand out? >> well, you know, the ro ses has just started. we're just three weeks from the election -- >> who is running? >> the same people that were involved last time will be involved this time. lots of discussions are taking place. it will be a smaller scale, but we're just about two months out. we have a lot of work it to do 0 but the president is very much looking forward to giving that speech. >> well, the construction is already apparent all over washington. stephanie cutter, nice to see you. >> nice to see you, chuck. >> we will be checking in again, thank you. >>
on those at the top 2% and above so that we can achieve balanced deficit reduction and invest in our economy. if they chose education over tax cuts for those at the top, they chose clean energy. so these are -- that's what this election was about. it makes a difference to actually run on something. >> let's talk about the inauguration, what's going to be obviously second term inaugurations are just smaller. they just are. that's just a fact. what's the attempt to make this second...
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they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign re
they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose...
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truth and save $1 visit alka-seltzer on facebook. >> pelley: housing has been the biggest drag on the economy. but we got another sign today that it's doing better. home prices in big cities were up 3% in september compared to a year ago. in phoenix they rose more than 20%. 8.8% in minneapolis. and more than 7.5% in detroit. greenhouse gases that many scientists say cause climate change are now coming from a new source: permafrost. that's the thick layer of organic material surrounding the arctic circle. it's been frozen for hundreds of years but today the u.n. reported it's thawing. carbon dioxide and methane from the permafrost are being released from the permafrost, which may speed up climate change. researchers made a discovery off miami beach, a fighter plane that may date back to world war ii. the grumman f-6-f hellcat is mostly intact, though, upside down 240 feet below the surface. it's not known when or why it went down but 79 hellcats like this one crashed off florida's east coast between 1943 and '52. who is paying top dollar for elephant tusks? our hidden camera investigation is n
truth and save $1 visit alka-seltzer on facebook. >> pelley: housing has been the biggest drag on the economy. but we got another sign today that it's doing better. home prices in big cities were up 3% in september compared to a year ago. in phoenix they rose more than 20%. 8.8% in minneapolis. and more than 7.5% in detroit. greenhouse gases that many scientists say cause climate change are now coming from a new source: permafrost. that's the thick layer of organic material surrounding...
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they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered questions why we didn't have security for c
they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get,...
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he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. >>> thanks for staying with "the ed show" tonight. the story goes to the heart of what we deserve. if we elect someone to the senate, we expect them to do what? get something done. unfortunately the republicans have been using the filibuster to block legislation. now the democrats want to change the rules to keep the next group of republicans from doing the same thing. we'll talk about those changes in a moment. first republicans have used the filibuster and really used it as well. it's normally a great tool for the minority to have a voice. it can slow down a discussion of a bill. it allows the minority to make changes before a vote. filibuster can also kill a bill, even if the majority of senators want to pass it. now over the last four years, the republicans have been using the filibuster as really a political weapon to cripple the senate and movement at all. here's a comparison. lyndon johnson served as senate majority leader for the
he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. >>> thanks for staying with "the ed show" tonight. the story goes to the heart of what we deserve. if we elect someone to the senate, we expect them to do what? get something done. unfortunately the republicans have been using the filibuster to block legislation. now the democrats want to change the rules to keep...